Reported on Venture Beat by respected games journalist Dean Takahashi, Epic Games are looking to raise an addition $750 million dollars, valuing Epic Games at an eye watering 17 BILLION dollars.
Fortnite maker Epic Games is raising $750 million, according to two sources who spoke to GamesBeat. Bloomberg reported the news first, but we have independently confirmed the details in our story.
The deal would give Epic a pre-money valuation of $16.3 billion, with a post-money valuation (the value of the company after the deal is done) of $17 billion. Epic Games is the developer and publisher of Fortnite, which has more than 350 million users. And it is also the creator of the Unreal Engine, a fundamental toolset for building many games (and increasingly, making movies and TV). Epic declined to comment.
A valuation on 17B would mark a hefty return on the earlier $825M Tencent investment, which resulted in Tencent holding a 40% minority stake in Epic Games. Epic Games are not the only company looking to raise further capital. Unity have long been rumoured to be looking at an IPO, with recent discussions heating up again. You can learn more about both companies in the video below.